Stingray Group (RAY.A.TO) Stock Price

Stingray Group Price

Delisted

Revenue has compounded at 18.8% per year over the past 12 years to 386.89 M CAD. Earnings per share have grown at 13.9% per year over the last 12 years. Stingray Group's net margin stands at 9.4%, down from 18.1% several years earlier. The payout ratio is around 59% of earnings. The dividend has grown at 17.8% per year over the past 10 years. Of 14 analysts, 13 rate the stock a buy — an overall Buy consensus.

Stingray Group stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Stingray Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Stingray Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Stingray Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Stingray Group Stock Price History
DateStingray Group Price
Access this data via the Eulerpool API

Stingray Group Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
249.47 M CAD
68.97 M CAD
45.10 M CAD
Jan 1, 2022
282.63 M CAD
65.23 M CAD
33.29 M CAD
Jan 1, 2023
323.94 M CAD
78.37 M CAD
30.12 M CAD
Jan 1, 2024
345.43 M CAD
87.35 M CAD
-13.74 M CAD
Jan 1, 2025
386.89 M CAD
99.64 M CAD
36.44 M CAD
Jan 1, 2026 (e)
486.36 M CAD
124.84 M CAD
100.02 M CAD
Jan 1, 2027 (e)
653.22 M CAD
171.19 M CAD
134.55 M CAD
Jan 1, 2028 (e)
629.33 M CAD
185.40 M CAD
126.19 M CAD

Stingray Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 15, 2026, 10:07 AM
 
REVENUEM CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM CAD
EBITM CAD
EBIT MARGIN%
NET INCOMEM CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
48.0060.0070.0089.00101.00130.00212.00306.00249.00282.00323.00345.00386.00486.00653.00629.00
25.0016.6727.1413.4828.7163.0844.34-18.6313.2514.546.8111.8825.9134.36-3.68
68.7566.6767.1465.1765.3550.7731.1321.5726.5123.4020.4319.1317.1065.3565.3565.35
33.0040.0047.0058.0066.0066.0066.0066.0066.0066.0066.0066.0066.00317.58426.71411.03
9.0012.008.006.008.0014.0012.0074.0068.0065.0078.0087.0099.00124.00171.00185.00
18.7520.0011.436.747.9210.775.6624.1827.3123.0524.1525.2225.6525.5126.1929.41
5.008.006.0013.0010.002.00-11.0013.0045.0033.0030.00-13.0036.00100.00134.00126.00
60.00-25.00116.67-23.08-80.00-650.00-218.18246.15-26.67-9.09-143.33-376.92177.7834.00-5.97
0.060.150.170.230.270.290.300.300.300.300.310.320.330.34
150.0013.3335.2917.397.413.453.333.233.133.03
50.7450.7450.7448.3851.5054.0864.7175.9673.4471.4669.7769.1068.8768.8768.8768.87
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Stingray Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Stingray Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Stingray Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Stingray Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Stingray Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Stingray Group stock margins

The Stingray Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Stingray Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Stingray Group.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
65.25 %
27.65 %
18.08 %
Jan 1, 2022
65.25 %
23.08 %
11.78 %
Jan 1, 2023
65.25 %
24.19 %
9.30 %
Jan 1, 2024
65.25 %
25.29 %
-3.98 %
Jan 1, 2025
65.25 %
25.75 %
9.42 %
Jan 1, 2026 (e)
65.25 %
25.67 %
20.56 %
Jan 1, 2027 (e)
65.25 %
26.21 %
20.60 %
Jan 1, 2028 (e)
65.25 %
29.46 %
20.05 %

Stingray Group Stock Revenue, EBIT, Earnings per Share

The Stingray Group earnings per share therefore indicates how much revenue Stingray Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
3.40 CAD
0.94 CAD
0.61 CAD
Jan 1, 2022
3.95 CAD
0.91 CAD
0.47 CAD
Jan 1, 2023
4.64 CAD
1.12 CAD
0.43 CAD
Jan 1, 2024
5.00 CAD
1.26 CAD
-0.20 CAD
Jan 1, 2025
5.62 CAD
1.45 CAD
0.53 CAD
Jan 1, 2026 (e)
6.99 CAD
1.81 CAD
1.44 CAD
Jan 1, 2027 (e)
9.38 CAD
2.49 CAD
1.93 CAD
Jan 1, 2028 (e)
9.04 CAD
2.69 CAD
1.81 CAD

Stingray Group business model & stock analysis

Stingray Group Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Stingray Group historical P/E ratio, EBIT multiple, and P/S ratio

Stingray Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Stingray Group shares outstanding

The number of shares of Stingray Group was 68.87 M in 2025. This indicates how many shares Stingray Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
73.44 M Stocks
Jan 1, 2022
71.46 M Stocks
Jan 1, 2023
69.77 M Stocks
Jan 1, 2024
69.10 M Stocks
Jan 1, 2025
68.87 M Stocks
Jan 1, 2026 (e)
68.87 M Stocks
Jan 1, 2027 (e)
68.87 M Stocks
Jan 1, 2028 (e)
68.87 M Stocks

Stingray Group Dividend History

11 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.31CAD 3.3%
Feb 28, 20250.08CAD 0.0%1/4
May 30, 20250.08CAD 0.0%2/4
Aug 29, 20250.08CAD 0.0%3/4
Nov 28, 20250.09CAD 13.3%4/4
20240.30CAD 0.0%
20230.30CAD 0.0%
20220.30CAD 0.0%
20210.30CAD 0.0%
20200.30CAD 11.1%
20190.27CAD 17.4%
20180.23CAD 21.1%
20170.19CAD 26.7%
20160.15CAD 150.0%

Stingray Group dividend history and estimates

In 2025, Stingray Group paid a dividend amounting to 0.31 CAD. Dividend means that Stingray Group distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
0.30 CAD
0.00 CAD
Jan 1, 2022
0.30 CAD
0.00 CAD
Jan 1, 2023
0.30 CAD
0.00 CAD
Jan 1, 2024
0.30 CAD
0.00 CAD
Jan 1, 2025
0.31 CAD
0.00 CAD
Jan 1, 2026 (e)
0.16 CAD
0.16 CAD
Jan 1, 2027 (e)
0.00 CAD
0.33 CAD
Jan 1, 2028 (e)
0.00 CAD
0.34 CAD

Stingray Group dividend payout ratio

In 2025, Stingray Group had a payout ratio of 58.59%. The payout ratio indicates the percentage of the company's profits that Stingray Group distributes as dividends.
  • 3 Years

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  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
49.18 %
Jan 1, 2022
63.83 %
Jan 1, 2023
69.77 %
Jan 1, 2024
-150.00 %
Jan 1, 2025
58.59 %
Jan 1, 2026 (e)
22.27 %
Jan 1, 2027 (e)
17.17 %
Jan 1, 2028 (e)
18.99 %

Current Stingray Group forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.94 %
Buy
92.86 % (13)
Hold
7.14 % (1)
Sell
0.00 % (0)
12M Price Target
17.85
Last Price
0.00
Currency
CAD
12M Return Potential
0 %
LTM Return
0 %

EESG©

Eulerpool ESG Scorecard© for the Stingray Group stock

47/100
50
Environment
65
Social
25
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees40
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Stingray Group shareholder structure

% Name
1.06310%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
0.62472%
Pembroke Management Ltd.
Pembroke Management Ltd.
0.23080%
Trahan (Jean-Pierre)
Trahan (Jean-Pierre)
0.06681%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.03879%
Mandarine Gestion
Mandarine Gestion
0.01886%
CI Global Asset Management
CI Global Asset Management

Stingray Group Executives and Management Board

19 members · avg. age 56 · 21 % women

EB

Mr. Eric Boyko (52)

President, Chief Executive Officer, Director

1.03 M CAD

Management

DP

Mr. David Purdy (84)

Chief Revenue Officer

985,207.00 CAD
IL

Mr. Ian Lurie

President - Radio

800,049.00 CAD
LF

Mr. Lloyd Feldman

Senior Vice President, General Counsel, Corporate Secretary

799,861.00 CAD
JT

Mr. Jean-Pierre Trahan

Chief Financial Officer

639,266.00 CAD
MD

Mr. Mario Dubois

Senior Vice President, Chief Technology Officer

616,818.00 CAD
MP

Mr. Mathieu Peloquin

Senior Vice President of Marketing and Communications · since 2020

616,818.00 CAD

Board of Directors

MP

Mr. Mark Pathy (53)

Independent Chairman of the Board

122,513.00 CAD
PT

Mr. Pascal Tremblay (52)

Independent Director

94,349.00 CAD
JP

Mr. Jacques Parisien (70)

Lead Independent Director

93,756.00 CAD
CB

Ms. Claudine Blondin (53)

Independent Director

83,083.00 CAD
GR

Mr. Gary Rich (61)

Independent Director

76,811.00 CAD
RS

Mr. Robert Steele (61)

Independent Director

64,113.00 CAD

Stingray Group Supply Chain

Stingray Group Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#NameTrend
1
Canadian Tire A
Customer·Multiline Retail·CA
0.02
0.36
0.78
0.60
0.59
0.88
2
Banco Santander
Customer·Banks·ES
0.53
0.68
0.72
0.75
0.45
0.85
3
News A
Customer·Media·US
-0.02
0.57
0.88
0.79
0.67
0.85
4
Amdocs Ltd
Customer·IT Services·US
0.59
0.01
0.09
-0.19
-0.15
0.81
5
Sleep Country Canada
Customer·Specialty Retail·CA
0.38
-0.22
0.75
0.52
0.08
0.75
#NameTrend
1
TalkTalk Telecom Group PLC
Customer·GB
0.36
0.08
0.66
-0.02
2
Altice Europe NV
Customer·NL
-0.13
-0.14
-0.80
-0.56
3
Restaurant Brands Intl LP
Customer·Hotels, Restaurants & Leisure·CA
-0.25
0.50
0.43
0.35
0.06
4
Dialogue Health Technologies
Supplier·Health Care Providers & Services·CA
-0.54
0.36
0.74
0.24
0.61
5
Access
Customer·Software·JP
0.70
0.43
-0.16
0.04
0.33
-0.25

Frequently asked questions about Stingray Group

14 analysts currently rate the Stingray Group stock: 13 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Stingray Group to generate revenue of 486.36 M CAD and earnings per share of 1.45 CAD.

The Stingray Group share (RAY.A.TO) is listed on 3 stock exchanges, including: Frankfurt (317A.F), Toronto (RAY-A.TO).

No history available for Stingray Group.

The expected revenue of Stingray Group is 486.36 M CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Stingray Group is 100.02 M CAD. The net profit reflects the company's profitability after deducting all expenses.

The P/E ratio cannot be calculated for Stingray Group at the moment.

The P/S cannot be calculated for Stingray Group currently.

The Eulerpool Quality Score for Stingray Group is 6/10.

The ISIN of Stingray Group is CA86084H1001. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Stingray Group is A2PASS. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Stingray Group is RAY.A.TO. The ticker symbol is used to trade Stingray Group shares on the stock exchange.

The current dividend yield of Stingray Group is - %.

Stingray Group is assigned to the 'Communication' sector.

The dividends of Stingray Group are distributed in CAD.

All fundamentals and in-depth analysis of Stingray Group

Our stock analysis for Stingray Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Stingray Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.